Rendell may intervene in electric rate debate

September 9, 2008 11:01:53 AM PDT
Gov. Ed Rendell says he's ready to intervene if Pennsylvania lawmakers don't act quickly enough to pass legislation to blunt the impact of rising electricity rates that are expected as rate caps expire. Rendell is expected to tell a House committee Tuesday that an extension of the rate caps "will become the most sensible option" if lawmakers don't pass measures he proposed to shield more than 4 million electricity customers from spiking electric bills in 2010 and 2011.

Rendell's comments are summarized in a news release obtained by The Associated Press before he was scheduled to testify in Philadelphia.

The caps froze electric rates at 1990s levels. They were imposed on utilities as part of a deregulation designed to deliver lower bills in a competitive marketplace.


Load Comments